Swiss National Bank increased its position in shares of TerraForm Global Inc. (NASDAQ:GLBL) by 51.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,032 shares of the company’s stock after buying an additional 46,600 shares during the period. Swiss National Bank owned approximately 0.12% of TerraForm Global worth $447,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. California State Teachers Retirement System raised its position in shares of TerraForm Global by 107.4% in the second quarter. California State Teachers Retirement System now owns 191,629 shares of the company’s stock worth $625,000 after buying an additional 99,232 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of TerraForm Global by 18.3% in the second quarter. Bank of New York Mellon Corp now owns 1,528,404 shares of the company’s stock worth $4,983,000 after buying an additional 236,814 shares in the last quarter. York Capital Management Global Advisors LLC bought a new position in shares of TerraForm Global during the first quarter worth approximately $16,740,000. Quentec Asset Management LLC raised its position in shares of TerraForm Global by 105.3% in the first quarter. Quentec Asset Management LLC now owns 3,817,223 shares of the company’s stock worth $9,085,000 after buying an additional 1,957,507 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of TerraForm Global by 3.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,809,599 shares of the company’s stock worth $13,827,000 after buying an additional 200,000 shares in the last quarter. 54.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of TerraForm Global Inc. (NASDAQ:GLBL) remained flat at $3.80 during mid-day trading on Tuesday. The company had a trading volume of 75,129 shares. The firm’s 50 day moving average is $3.83 and its 200 day moving average is $3.22. The firm’s market capitalization is $443.50 million. TerraForm Global Inc. has a 52-week low of $1.92 and a 52-week high of $8.24.
A number of analysts have issued reports on the company. Goldman Sachs Group Inc. raised TerraForm Global from a “sell” rating to a “neutral” rating and raised their target price for the company from $1.50 to $3.25 in a report on Thursday, July 21st. Avondale Partners raised TerraForm Global to a “buy” rating in a report on Wednesday, June 29th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $5.54.
TerraForm Global Company Profile
TerraForm Global, Inc is a holding company. The Company owns interest in TerraForm Global, LLC, a diversified renewable energy company that owns long-term contracted wind, solar and hydro-electric power plants. The Company’s portfolio of projects include Hercules (China), NSM 24 (India), NSM Suryalabh (India), NSM Sitara (India), NSM L’Volta (India), Brakes (India), Raj 5 (India), Focal (India), Bhakrani (India), Gadag (India), Hanumanhatti (India), Boshoff (South Africa), Klipheuwel (South Africa), Koonkoonsies (South Africa), Witkop (South Africa), Soutpan (South Africa), Silverstar Pavilion (Malaysia), Fortune 11 (Malaysia), PP Solar (Thailand), ESPRA (Brazil), El Naranjal (Uruguay), Del Litoral (Uruguay), Alto Cielo (Uruguay) and LAP Portfolio (Peru).
Want to see what other hedge funds are holding GLBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TerraForm Global Inc. (NASDAQ:GLBL).
Receive News & Ratings for TerraForm Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TerraForm Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.